Cramer: It's Hard to Get Out of Stocks Now

The "Squawk on the Street" news team reports on today's top business headlines, including the Dow within striking distance of an all-time high; and JC Penney's legal battle to sell Martha Stewart brands.

As the Dow Jones Industrial Average sits at all-time highs, CNBC's Jim Cramer sees an injection of confidence in the market and thinks it would be difficult for retail investors to get out of equities at this point.

"I think that people have lost confidence in [equities], but if you go back 24 hours we were looking bad. I literally think that Buffett injected a common sense view of why you should buy stocks," Cramer said on "Squawk on the Street." "It caught people by surprise, it got people thinking again. The market reversed, I believe, off of Buffett's comments."

He added: "The difficult thing is how do you get people to get out of stocks when Qualcomm gives you great news or Google. Google is making a lot of money. All they seem to do is get stronger."

"It is a very difficult tight rope that I don't want people to jump off of just because Druckenmiller will be right some day," Cramer said. "The people who come on and warn us are often at odds with the viewers I talk to on 'Mad Money' who are trying to make a little money. This isn't 1996 or 2000, where they are rolling the dice and quitting their job and day trading."

Cramer said he believes Treasurys are the real danger right now: "I don't think a stock with a 7 percent yield is a danger right here."

"We get good news after good news for companies," he said, and added that the regular American is not typically changing their lifestyle because of fears about the Federal Reserve. Referring to historical examples of hyperinflation, Cramer thinks the idea that those in the economy will lose faith in U.S. currency is an outlandish proposition.